SAND, the utility token of the Sandbox platform, has just been listed on Changelly. Starting today, users will be able to exchange it for the 200+ cryptocurrencies already available on our platform as well as purchase it on our fiat-to-crypto marketplace Changelly Buy.
The Sandbox is a blockchain-based virtual world that lets users create, build, buy, and sell digital assets in a gamified way. The company’s main goal is to create a platform that could allow users to be both gamers and creators simultaneously via a “play-to-earn” model.
The Sandbox virtual world is built on top of the Ethereum blockchain and is secured by the proof-of-stake (PoS) algorithm. Players create digital assets in the form of NFTs (non-fungible tokens) that can be uploaded to the marketplace and later integrated into games using the Game Maker.
The platform allows users to make money in 4 main ways:
Creating and selling NFTs on the Marketplace
Buying and renting out LAND – a digital piece of real estate in The Sandbox metaverse
Monetizing games they created using the Game Maker
Staking their SAND
SAND is the utility token of The Sandbox, and it facilitates all transactions on the platform. As a standard ERC-20 token, it allows its holders to stake it for profit. SAND is also used for network governance.
Gamification is the best way to introduce people to new products and industries. The Sandbox simplifies and gamifies the typically complex process of making NFTs, eliminating the usually rather high entry barrier to the creation of one’s own digital assets. We look forward to seeing what benefits this listing will bring to both our companies and our users.
About The Sandbox
The Sandbox is a decentralised, community-driven gaming ecosystem where creators can share and monetise voxel assets and gaming experiences on the Ethereum blockchain. Using The Sandbox’s free software, such as VoxEdit and the Game Maker, players can create ASSETs and games for themselves and to share with others. These can be monetised to earn the creator passive income.
Current products on The Sandbox platform include:
VoxEdit: software to create voxel ASSETS, which can then become Non-Fungible Tokens (NFTs) and be imported to the Marketplace.
Marketplace: a decentralized marketplace for trading in-game ASSETS created in VoxEdit.
Game Maker: a visual scripting toolbox that allows anyone to build 3D games for free.
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto. Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on-the-go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggy-backing on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.